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Trying to decide what I should do with a property I just purchased. I closed on a two family yesterday that I am intending to house hack. It has shared gas metering and separate electric. There is also only a thermos...
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Hi Friends of BP, my name is Alaska. I am looking to buy a SFR up to a 4 unit complex later this year. I'm trying to estimate utilities and establish who pays for what in different types of residences in Memphis, Ten...
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Hello! I recently bought a duplex in the Suburbs of Philadelphia as my cherry popper. I live in the downstairs unit and rent the upstairs unit. I have a few questions surrounding basic bookkeeping.I did an FHA Mortg...
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I have decided to start managing a few of my own properties and I want to know how you all have your bank accounts setup for your record keeping purposes? I have one account for the LLC. I also have one established fo...
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If you are considering buying 2, 4 plex units, can you get a residential loan on 2 separate units to avoid commercial loans? It is one seller selling the 2 units. Also, what are your thoughts on buying a 4 plex? Woul...
Hi,Do I need to put my tenant’s security deposit in trust account or do I just simply open a separate dedicated account for security deposit and put the deposit there?Thanks in Advance
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I am new to real estate investing. I have one SFH door currently and am actively looking to add a second soon and in the future hopefully more. I am currently not set up as an LLC, but have received strong advice th...
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Hello my BP members, so I just formed my entity
working under a investor and in the future invest myself using this business entity, so here is my question, if anyone could please chime in that would be really apprec...
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When calculating cash flow, we use 6-8% vacancy, 6-10% maintenance and 10% caps. The question I have is, if there are more than one house rented, how an invester will manage each of the accounts. If we need to look at...
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is it possible to refi 4 of my properties all at one time ?